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Doctor Dumpkins is bullish on the British pound so he buys a one-month call for $.02. The strike price of the call is $1.27. On

Doctor Dumpkins is bullish on the British pound so he buys a one-month call for $.02.

The strike price of the call is $1.27.

On the expiration date, the spot price of the British pound is $1.32.

What is the net profit for Doctor Dumpkins (per unit)?

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